Obama gives Treasury new Sanctions Tool Against Syria, Iran

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<p><span style="font-family: Verdana, Arial, 'Times New Roman'; font-size: 11px;">President Obama signed an executive order giving the Treasury Department new authority &nbsp;to tighten sanctions on Iran and Iran and Syria.</span></p><p><span style="font-family: Verdana, Arial, 'Times New Roman'; font-size: 11px;">&nbsp;</span><span style="font-family: Verdana, Arial, 'Times New Roman'; font-size: 11px;">The president signed sanctions to penalize anyone who ignores the Treasury Departments sanctions on Iran and Syria and t</span><span style="font-family: Verdana, Arial, 'Times New Roman'; font-size: 11px;">he Treasury Department can now publicly identify anyone who tries to trade with the two countries.</span></p><p><span style="font-family: Verdana, Arial, 'Times New Roman'; font-size: 11px;">New penalties include barring access to U.S. financial and commercial systems. Despite the sanctions Iran and Syria recently tried to use non-bank financial institutions to transmit funds and make payments.&nbsp;</span></p><p>&nbsp;</p><p><span style="font-family: Verdana, Arial, 'Times New Roman';"><span style="font-size: 11px;"><br /></span></span></p>

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